Find the best and most reliable Bitcoin Betting Sites

Bitcoin betting is becoming more and more popular. There are new and exciting new betting sites which are offering bitcoin payments and even regular sportsbooks like BetOnline and Intertops have added bitcoin as a payment method.

Bitcoin betting gives you the opportunity to increase your betting profits even further. The bitcoin price has been increasing dramatically over the past couple of years and months. By accumulating more bitcoin through betting is is highly likely that you will profit from the rising prices as well.

We took a close look at all currently available bitcoin betting sites and found some great options for our customers. Most of these betting sites offer you really great odds with a low commission which can even hold up with some of the leading bookmakers in the world. On top of that you can also get rewarded with sign-up bonuses which are worth up to 5 BTC with sites like Sportsbet.io.

Advantages of Bitcoin Betting

If you decide to start betting with bitcoin you will benefit from several major advantages. Check the overview to find out what makes bitcoin betting so good.

Privacy – You don’t have to provide your personal details when signing-up with bitcoin betting sites

No Transaction Fees – Transaction fees for bitcoin withdrawals and deposits are in most cases covered by the bitcoin betting sites

No country restrictions – A large majority of regular sportsbooks is restricting players from joining their site if they are residing in a country where betting is prohibited or restricted. Bitcoin betting sites will not restrict players.

Great Odds – Most bitcoin betting sites offer above-average odds compared to regular bookmakers. That means you will be able to place more profitable bets in general.

No Restrictions – Due to the fact that bitcoin payments are anonymous sportsbooks will not be able to limit you for winning too much.

Disadvantages of Bitcoin Betting

The only disadvantage which comes to mind when using bitcoin for sports betting is the volatility of this new crypto currency. Bitcoin is still a young currency and the price is experiencing quite a lot of swings. However, once bitcoin gets more and more accepted by people and companies as a legit payment method the volatility will go down and stabilize.

Which betting sites do accept Bitcoin payments?

Please check the “All Bitcoin Betting Sites” to find out which sportsbooks accept Bitcoin. Even though this cryptocurrency is becoming more and more popular, not many sportsbooks are accepting it yet. However, several sportsbooks at VIP-bet do support the new currency.

Cloudbet,Nitrogen Sportsand Sportsbet.io are so called Bitcoin-only sportsbooks. That means they only accept Bitcoin. Pinnacle, BetOnlineand Intertopsare regular sportsbook, which you may already heard of, and accept bitcoin for deposits and withdrawals. You can use your funds to top up your sportsbook balance with them and withdraw funds back to your bitcoin wallet.

Is Bitcoin Betting legal?

Most bitcoin betting sites are not restricting their customers from signing-up with them. However, they do display a notice that you should check the legal status of sports betting in the country you are residing in. Even though you may sign-up with basically with all bitcoin betting sites we highly recommend you to check the legislation first to avoid any inconvenience and legal trouble.

How do I deposit Bitcoin?

In order to transfer bitcoin to a sportsbook you have to own a bitcoin wallet. After you have purchase bitcoin you need to create a wallet with Blockchain.ino which takes just a couple of minutes. Provide your email address and choose a password and click on continue. You wallet has now been created and you can start moving your bitcoin.

A blockchain address has been generated and you can use it to request payments from sportsbooks and other persons. Just copy paste your address and send it over to your trading partner to receive a bitcoin payment.

After you have logged into your sportsbook account of choice, you have to select bitcoin as your payment method of choice.

Most bitcoin betting sites will generate a separate bitcoin deposit address only for you. Now you just have to open your wallet and transfer money to the bitcoin address displayed in your sportsbook account. After the transaction has been confirmation by the blockchain you are good to go.

Bitcoin Explained

bitcoin is a new digital currency which allows you to transfer money over the internet. It is the first decentralized currency in the world and without a central bank. Bitcoin has been invented in 2009 and is based on the blockchain which is a public ledger that records all bitcoin transactions.

When placing bets online there are several advantages when using bitcoin instead of regular currencies such as Euro or U.S. Dollar.

How do I buy Bitcoin?

Buying bitcoin is really easy nowadays. There are many different websites and exchanges where you can buy bitcoin and other cryptocurrencies. You can used multiple different payment methods do so. In order to purchase bitcoin you have to transfer money to an exchange. After your payment has been processed you will receive the equivalent amount of money in bitcoin. Please bear in mind that most echanges will charge you some fees when buying bitcoin.

After you have received your bitcoin we recommend you to create your own bitcoin wallet. Blockchain.

Which are the best exchanges to purchase Bitcoin?

Nowadays there are large amount of online exchanges where you can buy bitcoin and other cryptocurrencies. However, not all of them are on the same level when it is about security of funds, speed of transactions and customer support. We took a close look at the most popular exchanges and figured out which exchanges are the best ones for customers who want to get started with bitcoin betting.

How fast are Bitcoin payments processed?

Bitcoin transaction were initially processed really fast. Over the past couple of years it took just a few moments for a bitcoin transaction to be processed. Due to the overwhelming rise in popularity of bitcoin the transaction time has increased in recent months.

Bitcoin transactions are currently not processed as fast as they used to in the past. But nevertheless, it takes a couple of minutes longer, but your funds are still safe and transferred anonymously.

Are Bitcoin transactions safe?

Bitcoin is based on the blockchain architecture which is immune to hacking risks. When transferring bitcoin to someone else all computers running bitcoin software process the sender’s public signature through algorithm. All past transactions are also checked which are already encoded in the blockchain to verify that the sender owns the bictoin. So-called miners solve complex mathemtical puzzles to verify the legitimacy of that transaction.

Bitcoin transactions are therefore absolutely safe.

Is Bitcoin legal?

Bitcoin is not an official currency. Even though many online stores, sportsbooks and websites accept it there is no unanimous legal regulation for it. In many jurisdictions however you have to pay certain taxes on your income and other things – bitcoin is no exception. We recommend you to check the legislation of your country regarding bitcoin to avoid negative legal consequences when using this cryptocurrency.

BitPanda Review

BitPanda is a Austria-base cryptocurrency where you can trade a large variety of different cryptocurrencies. The company also provides support for many different payment methods and is charging relatively low fees.

BitPanda has become one of the most popular exchanges due to its clear and customer-friendly interface, their high security standards and quick transaction. The company was founded in 2014 after a long development phase and the founders are working in coordination with local authorities.

The platform itself is fully automated which guarantees that after your payment has been confirmed, your Bitcoin or other cryptocurrency will be automatically credited to your account.

How do I buy Bitcoin on BitPanda?

You can buy Bitcoin on BitPanda 365 days a year, 24 hours a day. In order to start trading cryptocurrencies you have to create an account with BitPanda.

BitPanda will provide you with a free Bitcoin wallet and an account where you can buy Bitcoin, Ethereum, Dash, Litecoin and Bitcoin Cash with VISA, Mastercard, Neteller, Skrill, Giropay, Bonus, Euro, and Bank Transfer. As you can see, BitPanda is offering a huge range of different payment methods. All transaction methods are usually processed within a few couple of seconds.

After you have joined BitPanda you will be able to purchase a total of €2.500 in cryptocurrencies. After you have completed your first transaction to BitPanda they are going to increase your account limits automatically.
There are five account verification levels in totals which are called: Account, Starter, Bronze, Silver, and Gold. The highest verification status will allow you to purchase you a total maximum of €10.000.000 and sell a total amount of €10.000.000 in cryptocurrencies.

To increase your account status you have to provide certain documents which let BitPanda identify you as a real person.

Is BitPanda safe to use?

First of all let’s take a look at the BitPanda account verification process. BitPanda is really keen on keeping their customer accounts safe and making sure that you are the person you claim to be.

To increase your limits you will need to provide information for IDnow, which is a digital identification process which patented and meets all legal criteria on a EU-wide basis. That’s the one way to increase your account level. Alternatively you can use BitPanda’s webcam verification process or IdentityTM to verify your identity.

All three options are actually really convenient and don’t take a long time. After your account has been verified you will reach the BitPanda Gold status which provides you with the highest selling and buying limits.

BitPanda is also offering 2-factor authentification which increases your account security even further.

Which payment methods are supported by BitPanda?

BitPanda provides support for many different payment methods. Currently they accept VISA, Mastercard, Neteller, Skrill, Giropay, Bonus, Euro, and Bank Transfer.

If you want to sell cryptocurrencies you can choose to withdraw your funds to your Neteller, Skril, Bank account and BitPanda even lets you trade Amazon.de vouchers for your balance which is absolutely unique.

BitPanda is a great cryptocurrency exchange for all customers who like to use multiple different payment methods. They have a lot of different options and payments are processed really fast.

BitPanda is currently not available for customers from the U.S. If you are residing in the United States, feel free to check out Coinbase to trade cryptocurrencies.

BitPanda fees

Fees are really important when trading crpytocurrencies. Even though BitPanda is not providing in-depth information about their fees you can check the charged fees which are included in the final price summary when purchasing coins. When testing BitPanda we have seen fees ranging from 2% up to 5%.

The lack of transparency in fees is rather concerning and should probably be displayed and explained on their site in the future. However, you can see the costs of your transactions, but it would be highly appreciated if BitPanda actually provided some more detailed information about it.

Are there any limits when purchasing Bitcoin through BitPanda?

Yes, when signing-up with BitPanda your account will be limited to a maximum of €2.500. However, after you have passed the BitPanda account verification process you may buy and sell a total of €10.000.000.

Here’s an overview of all BitPanda security account statuses.

Coinbase Review

Coinbase is an U.S. based cryptocurrency exchange. The company was launched in 2012 and has become of the biggest exchanges for cryptocurrencies in the world. Coinbase features several different payment methods and multiple different cryptocurrencies besides bitcoin.

The company has served more than 10 million customers and already exchanged more than $50.0 billion.

How do I buy Bitcoin on Coinbase?

Buying bitcoin on Coinbase is fairly easy and can be done within a couple of moments. First of all, you need to sign-up with Coinbase and create your account. After you have joined the exchange you have to create a digital currency wallet where you can store digital currencies.

Connect your payment method of choice with your Coinbase account so you can exchange currencies. Not you can buy Bitcoin, Ethereum, and Litecoin via Coinbase.

Is Coinbase safe to use?

Yes, Coinbase is not only one of the largest digital exchanges, but they also are considered one of the safest ones. The company is segregating customer funds from company funds and the customer funds are actually stored in separate bank accounts. Even if Coinbase becomes insolvent, your funds will be safe.

Coinbase fees

Coinbase is charging you exchange and conversion fees for their service. Those fees only occur if you choose to make a transaction. Coinbase will be displaying you the total amount of fees below any transaction at any time.

If you just store your digital assets on Coinbase, the will not charge you a usage fee at all.

Are there any limits when purchasing Bitcoin through Coinbase?

For security, regulatory compliance and fraud prevention Coinbase is obligated to provide certain limits for account holders. However, you can increase your account limits by providing personal information about yourself.

Coinbase will increase your accounts limits if you provide them with information about your personal details, phone number, photo ID and a purchase history of buying and selling currencies at Coinbase.

Find the best and most reliable Bitcoin Betting Sites

Bitcoin betting is becoming more and more popular. There are new and exciting new betting sites which are offering bitcoin payments and even regular sportsbooks like BetOnline and Intertops have added bitcoin as a payment method.

Bitcoin betting gives you the opportunity to increase your betting profits even further. The bitcoin price has been increasing dramatically over the past couple of years and months. By accumulating more bitcoin through betting is is highly likely that you will profit from the rising prices as well.

We took a close look at all currently available bitcoin betting sites and found some great options for our customers. Most of these betting sites offer you really great odds with a low commission which can even hold up with some of the leading bookmakers in the world. On top of that you can also get rewarded with sign-up bonuses which are worth up to 5 BTC with sites like Sportsbet.io.

Advantages of Bitcoin Betting

If you decide to start betting with bitcoin you will benefit from several major advantages. Check the overview to find out what makes bitcoin betting so good.

Privacy – You don’t have to provide your personal details when signing-up with bitcoin betting sites

No Transaction Fees – Transaction fees for bitcoin withdrawals and deposits are in most cases covered by the bitcoin betting sites

No country restrictions – A large majority of regular sportsbooks is restricting players from joining their site if they are residing in a country where betting is prohibited or restricted. Bitcoin betting sites will not restrict players.

Great Odds – Most bitcoin betting sites offer above-average odds compared to regular bookmakers. That means you will be able to place more profitable bets in general.

No Restrictions – Due to the fact that bitcoin payments are anonymous sportsbooks will not be able to limit you for winning too much.

Disadvantages of Bitcoin Betting

The only disadvantage which comes to mind when using bitcoin for sports betting is the volatility of this new crypto currency. Bitcoin is still a young currency and the price is experiencing quite a lot of swings. However, once bitcoin gets more and more accepted by people and companies as a legit payment method the volatility will go down and stabilize.

Which betting sites do accept Bitcoin payments?

Please check the “All Bitcoin Betting Sites” to find out which sportsbooks accept Bitcoin. Even though this cryptocurrency is becoming more and more popular, not many sportsbooks are accepting it yet. However, several sportsbooks at VIP-bet do support the new currency.

Cloudbet,Nitrogen Sportsand Sportsbet.io are so called Bitcoin-only sportsbooks. That means they only accept Bitcoin. Pinnacle, BetOnlineand Intertopsare regular sportsbook, which you may already heard of, and accept bitcoin for deposits and withdrawals. You can use your funds to top up your sportsbook balance with them and withdraw funds back to your bitcoin wallet.

Is Bitcoin Betting legal?

Most bitcoin betting sites are not restricting their customers from signing-up with them. However, they do display a notice that you should check the legal status of sports betting in the country you are residing in. Even though you may sign-up with basically with all bitcoin betting sites we highly recommend you to check the legislation first to avoid any inconvenience and legal trouble.

How do I deposit Bitcoin?

In order to transfer bitcoin to a sportsbook you have to own a bitcoin wallet. After you have purchase bitcoin you need to create a wallet with Blockchain.ino which takes just a couple of minutes. Provide your email address and choose a password and click on continue. You wallet has now been created and you can start moving your bitcoin.

A blockchain address has been generated and you can use it to request payments from sportsbooks and other persons. Just copy paste your address and send it over to your trading partner to receive a bitcoin payment.

After you have logged into your sportsbook account of choice, you have to select bitcoin as your payment method of choice.

Most bitcoin betting sites will generate a separate bitcoin deposit address only for you. Now you just have to open your wallet and transfer money to the bitcoin address displayed in your sportsbook account. After the transaction has been confirmation by the blockchain you are good to go.

Bitcoin Explained

bitcoin is a new digital currency which allows you to transfer money over the internet. It is the first decentralized currency in the world and without a central bank. Bitcoin has been invented in 2009 and is based on the blockchain which is a public ledger that records all bitcoin transactions.

When placing bets online there are several advantages when using bitcoin instead of regular currencies such as Euro or U.S. Dollar.

How do I buy Bitcoin?

Buying bitcoin is really easy nowadays. There are many different websites and exchanges where you can buy bitcoin and other cryptocurrencies. You can used multiple different payment methods do so. In order to purchase bitcoin you have to transfer money to an exchange. After your payment has been processed you will receive the equivalent amount of money in bitcoin. Please bear in mind that most echanges will charge you some fees when buying bitcoin.

After you have received your bitcoin we recommend you to create your own bitcoin wallet. Blockchain.

Which are the best exchanges to purchase Bitcoin?

Nowadays there are large amount of online exchanges where you can buy bitcoin and other cryptocurrencies. However, not all of them are on the same level when it is about security of funds, speed of transactions and customer support. We took a close look at the most popular exchanges and figured out which exchanges are the best ones for customers who want to get started with bitcoin betting.

How fast are Bitcoin payments processed?

Bitcoin transaction were initially processed really fast. Over the past couple of years it took just a few moments for a bitcoin transaction to be processed. Due to the overwhelming rise in popularity of bitcoin the transaction time has increased in recent months.

Bitcoin transactions are currently not processed as fast as they used to in the past. But nevertheless, it takes a couple of minutes longer, but your funds are still safe and transferred anonymously.

Are Bitcoin transactions safe?

Bitcoin is based on the blockchain architecture which is immune to hacking risks. When transferring bitcoin to someone else all computers running bitcoin software process the sender’s public signature through algorithm. All past transactions are also checked which are already encoded in the blockchain to verify that the sender owns the bictoin. So-called miners solve complex mathemtical puzzles to verify the legitimacy of that transaction.

Bitcoin transactions are therefore absolutely safe.

Is Bitcoin legal?

Bitcoin is not an official currency. Even though many online stores, sportsbooks and websites accept it there is no unanimous legal regulation for it. In many jurisdictions however you have to pay certain taxes on your income and other things – bitcoin is no exception. We recommend you to check the legislation of your country regarding bitcoin to avoid negative legal consequences when using this cryptocurrency.

BitPanda Review

BitPanda is a Austria-base cryptocurrency where you can trade a large variety of different cryptocurrencies. The company also provides support for many different payment methods and is charging relatively low fees.

BitPanda has become one of the most popular exchanges due to its clear and customer-friendly interface, their high security standards and quick transaction. The company was founded in 2014 after a long development phase and the founders are working in coordination with local authorities.

The platform itself is fully automated which guarantees that after your payment has been confirmed, your Bitcoin or other cryptocurrency will be automatically credited to your account.

How do I buy Bitcoin on BitPanda?

You can buy Bitcoin on BitPanda 365 days a year, 24 hours a day. In order to start trading cryptocurrencies you have to create an account with BitPanda.

BitPanda will provide you with a free Bitcoin wallet and an account where you can buy Bitcoin, Ethereum, Dash, Litecoin and Bitcoin Cash with VISA, Mastercard, Neteller, Skrill, Giropay, Bonus, Euro, and Bank Transfer. As you can see, BitPanda is offering a huge range of different payment methods. All transaction methods are usually processed within a few couple of seconds.

After you have joined BitPanda you will be able to purchase a total of €2.500 in cryptocurrencies. After you have completed your first transaction to BitPanda they are going to increase your account limits automatically.
There are five account verification levels in totals which are called: Account, Starter, Bronze, Silver, and Gold. The highest verification status will allow you to purchase you a total maximum of €10.000.000 and sell a total amount of €10.000.000 in cryptocurrencies.

To increase your account status you have to provide certain documents which let BitPanda identify you as a real person.

Is BitPanda safe to use?

First of all let’s take a look at the BitPanda account verification process. BitPanda is really keen on keeping their customer accounts safe and making sure that you are the person you claim to be.

To increase your limits you will need to provide information for IDnow, which is a digital identification process which patented and meets all legal criteria on a EU-wide basis. That’s the one way to increase your account level. Alternatively you can use BitPanda’s webcam verification process or IdentityTM to verify your identity.

All three options are actually really convenient and don’t take a long time. After your account has been verified you will reach the BitPanda Gold status which provides you with the highest selling and buying limits.

BitPanda is also offering 2-factor authentification which increases your account security even further.

Which payment methods are supported by BitPanda?

BitPanda provides support for many different payment methods. Currently they accept VISA, Mastercard, Neteller, Skrill, Giropay, Bonus, Euro, and Bank Transfer.

If you want to sell cryptocurrencies you can choose to withdraw your funds to your Neteller, Skril, Bank account and BitPanda even lets you trade Amazon.de vouchers for your balance which is absolutely unique.

BitPanda is a great cryptocurrency exchange for all customers who like to use multiple different payment methods. They have a lot of different options and payments are processed really fast.

BitPanda is currently not available for customers from the U.S. If you are residing in the United States, feel free to check out Coinbase to trade cryptocurrencies.

BitPanda fees

Fees are really important when trading crpytocurrencies. Even though BitPanda is not providing in-depth information about their fees you can check the charged fees which are included in the final price summary when purchasing coins. When testing BitPanda we have seen fees ranging from 2% up to 5%.

The lack of transparency in fees is rather concerning and should probably be displayed and explained on their site in the future. However, you can see the costs of your transactions, but it would be highly appreciated if BitPanda actually provided some more detailed information about it.

Are there any limits when purchasing Bitcoin through BitPanda?

Yes, when signing-up with BitPanda your account will be limited to a maximum of €2.500. However, after you have passed the BitPanda account verification process you may buy and sell a total of €10.000.000.

Here’s an overview of all BitPanda security account statuses.

Coinbase Review

Coinbase is an U.S. based cryptocurrency exchange. The company was launched in 2012 and has become of the biggest exchanges for cryptocurrencies in the world. Coinbase features several different payment methods and multiple different cryptocurrencies besides bitcoin.

The company has served more than 10 million customers and already exchanged more than $50.0 billion.

How do I buy Bitcoin on Coinbase?

Buying bitcoin on Coinbase is fairly easy and can be done within a couple of moments. First of all, you need to sign-up with Coinbase and create your account. After you have joined the exchange you have to create a digital currency wallet where you can store digital currencies.

Connect your payment method of choice with your Coinbase account so you can exchange currencies. Not you can buy Bitcoin, Ethereum, and Litecoin via Coinbase.

Is Coinbase safe to use?

Yes, Coinbase is not only one of the largest digital exchanges, but they also are considered one of the safest ones. The company is segregating customer funds from company funds and the customer funds are actually stored in separate bank accounts. Even if Coinbase becomes insolvent, your funds will be safe.

Coinbase fees

Coinbase is charging you exchange and conversion fees for their service. Those fees only occur if you choose to make a transaction. Coinbase will be displaying you the total amount of fees below any transaction at any time.

If you just store your digital assets on Coinbase, the will not charge you a usage fee at all.

Are there any limits when purchasing Bitcoin through Coinbase?

For security, regulatory compliance and fraud prevention Coinbase is obligated to provide certain limits for account holders. However, you can increase your account limits by providing personal information about yourself.

Coinbase will increase your accounts limits if you provide them with information about your personal details, phone number, photo ID and a purchase history of buying and selling currencies at Coinbase.

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